Cetera COO Tom Gooley to Retire

Core Insights - Tom Gooley will retire as COO of Cetera Financial Group at the end of Q1, with a new COO to be announced soon [1] - Gooley's leadership has been pivotal in establishing Cetera's strong industry position, and he will assist in the transition [2] Leadership Transition - Mike Durbin, CEO of Cetera, emphasized Gooley's role in ensuring service consistency and operational stability during a critical growth period [2] - Gooley joined Cetera in October 2020, overseeing service, technology, trading, and operations [2] - His previous experience includes senior roles at LPL Financial, TIAA-CREF, Morgan Stanley, Bank of America Securities, and Goldman Sachs [2] Achievements at Cetera - Gooley led the launch of Cetera's multi-custodial platform, incorporating Fidelity's NFS Clearing services [3] - He was instrumental in the integration of acquisitions, including Voya, Securian, and Avantax [3] Workforce Changes - Cetera announced a "small workforce reduction" late last year, with minimal impact on field-facing employees and no effect on Regional Growth Teams [4] - Earlier layoffs in 2025 were also stated to not affect advisor-facing roles [4] Company Overview - Cetera has approximately 12,000 advisors managing over $625 billion in assets under administration and $284 billion in assets under management [5]